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- EUR / USD rose slightly, but remains below MA (200) H1
EUR / USD rose slightly, but remains below MA (200) H1
Today, the EUR/USD pair rose slightly from $1.1615 to $1.1665, but remains near a two-month low and below the MA (200) H1 moving average line ($1.1745). On the four-hour chart, the pair is also trading below MA (200) H1 ($1.1820). The $1.1685 resistance may keep EUR/USD from rising further. If it breaks through, the price may rise to $1.1720-45. Friday's low of $1.1610 represents a resistance level. If it is passed, then the pair may be followed by a correction to $1.1580. The most likely range of price movement today may be hidden within the range of $1.1580-1.1685.
⦁ Resistance levels are at: $1.1685, $1.1720-45, $1.1775
⦁ Support levels are at: $1.1610, $1.1580, $1.1505
The main scenario for promoting the pair - breakout of support at $1.1610 (September 25 low) and then the pair may decline to $1.1580 (July 24 low)
An alternative scenario - break through the resistance of $1.1685 (September 24-25 high) and then the pair may grow to $1.1720-45 (September 23 high, MA (200) H1)
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